Mia Review: Malaysian spot gold trading scheme

Mia fails to provide a corporate address on their website. The same website identifies Antonio Ferez as founder of the company.

Ferez is represented by a heavily photoshopped image (touch-up) and, according to Mia;

is a well-known macroeconomics analyst and a foreign exchange trading expert in Southeast Asia.

In 2007, he earned his first bucket of gold from the stock market at the age of 25 and managed to multiply his personal wealth by 57 times based on his business acumen and professional handling of capital.

The problem is outside of Mia marketing material (circa 2017-2018), Ferez has no professional digital footprint.

This is not what you’d expect of someone claiming to be “well-known” in macroeconomics and foreign exchange professional circles.

The Mia Compensation Plan

Specific ROI averages cited by Mia, based on past performance, range from 12% to 16% a month.

Another marketing slide suggests that total ROI payouts are capped at 24.5% per investment. After which new investment must be made.

Mia Affiliate Ranks

There are four affiliate ranks within Mia’s compensation plan.

Along with their respective qualification criteria, they are as follows:

regular affiliate – sign up and invest in at least one Mia Pax

Manager – personally invest at least $3000, recruit at least four investing affiliates and convince others to invest a total of $150,000 or more (split $105,000 and $45,000 or more via a binary team)

Agency Manager – personally invest at least $5000, recruit at least five investing affiliates and have three Manager ranked affiliates in your downline (one in three separate unilevel team legs)

Regional Manager – personally invest at least $10,000, recruit at least six investing affiliates and have three Agency Manger ranked affiliates in your downline (one in three separate unilevel team legs)

Note how much a Pax investment costs is not disclosed. Mia’s marketing material however suggests is it $10,000 or less.

Apparently Mia contracts Mr. Harrison through FintechFX, a generically named company registered in Australia.

Naturally FintechFX wasn’t incorporated till October 2017, some six months after Mia surfaced.

Oh and another red flag, FintechFX was incorporated as “My Group Fintech Co Pty Ltd”.

The two addresses initially provided for FintechFX are residential and leased office space in Melbourne, Australia. They’ve since switched them out for another residential address in Sydney (nothing suss).

No confirmation that FintechFX has actual business operations at any of these addresses.

Malaysian scams are notorious for incorporating in AU/NZ because ASIC and NZCO tend not to do anything until the scams have collapsed.

The scams are careful not to recruit investors in AU/NZ, and so there’s actually not a lot the regulators can do except delist the shell companies once they’re aware of them.

This is why, despite having ASIC/NZCO equivalents in Malaysia, it’s rare to see a Malaysian scam incorporated in Malaysia itself.

BehindMLM's advertising partners use cookies to collect data for ad personalization and measurement.
For more information on use of collected data and cookies please refer to our Privacy Policy.Accept and closePrivacy Policy